Michpal Technologies, a company listed on the Tel Aviv Stock Exchange, has entered into an agreement to acquire a 70% stake in Interspace-Tranzila for NIS 56 million, reflecting a company valuation of NIS 80 million, with an option to acquire the remaining 30% at a later stage.
Interspace, which is known, among other things, for its Tranzila payment processing platform, operates in the digital payments, payment processing and fintech sectors and serves thousands of businesses across Israel. Completion of the transaction is subject to approval by the Israel Competition Authority.
Our firm represented Interspace-Tranzila in the transaction, with an integrated team from several of the firm’s departments. The transaction was handled by Micki Shapira, Tal Haiman Nahir, Sammy Liebert, Ayal HaCohen, Lihi Katzenelson and Yedidya Altshuler, together with interns Noa Samama Eini and Gal Tik.
The transaction further strengthens the firm’s activity in the fintech sector and its experience representing clients in complex transactions in the technology and payments markets.
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